STAND. COM. REP. NO.  910-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 1989

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1989, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO VETERANS,"

begs leave to report as follows:

     The purpose of this bill is to provide resources for veterans by creating a means for the Office of Veterans' Services (OVS) to accept, invest, and expend private contributions as well as real or personal property.  This bill establishes the Veterans' Gift Trust Fund with moneys earmarked exclusively to support veterans, including state veterans' home programs.

OVS offered comments.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1989, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair